Offset Charges are created automatically during certain usage-based Prepaid Rate Plan scenarios where the amount of the initial payment is offset in a future period. This enables reporting and/or revenue recognition to be based on the actual usage as it is consumed, while offsetting the Prepaid fee.
The value entered here (if any) will be used if an Offset Charge is created for this Subscription Item. If no value is entered here, but an Offset Charge is created, the Charge record will contain the same Item as defined on the Subscription Item record.
Example:
1. Prepaid item Quantity Subscription Item: Configuration and Post-Rating (no Offset Charge Item selected)
2. Post-Rating with Offset Charge Item configured
Offset Charge Description
Offset Charges are created automatically during certain usage-based Prepaid Rate Plan scenarios where the amount of the initial payment is offset in a future period. This enables reporting and/or revenue recognition to be based on the actual usage as it is consumed, while offsetting the Prepaid fee.
- This value initially populates from the "Default Offset Charge Description" set on the Item record.
- You can set different text on this Subscription Item if you want to use something other than the default. The text will be used as the Description on the individual Offset Charge(s) created from this Subscription Item. This field supports Handlebars if you want to dynamically add text about the specific sale.
NOTE: The default value comes from the Item record for this Subscription Item, not the Offset Charge Item record set on this tab.